Market Insider

In this article

A CSX freight train is seen in Orlando.
Paul Hennessy | Lightrocket | Getty Images

Check out the companies making headlines in extended trading.

CSX — The transportation company’s shares were up 2.6% after the company’s first-quarter earnings and revenue topped analysts’ expectations. CSX posted earnings of 48 cents per share and revenue of $3.71 billion. Analysts polled by Refinitiv had anticipated earnings of 43 cents per share and $3.58 billion in revenue.

Knight-Swift Transportation — Shares fell less than 1% after the freight transportation company reported a miss on earnings for the first quarter. The company reported adjusted earnings of 73 cents per share, while analysts estimated per-share earnings of 81 cents, according to FactSet. However, the company’s revenue of $1.64 billion came above analysts’ expectations of $1.61 billion. Knight-Swift also cut its full-year EPS guidance for 2023.

W.R. Berkley — Shares of the commercial lines insurer slipped 2% after W.R. Berkley reported net premiums that were lower than analysts’ estimates, coming in at $2.49 billion versus expectations for $2.53 billion, according to FactSet. The company posted operating earnings-per share of $1.00, compared to $1.10 per share a year ago.

PPG Industries —The paint manufacturer’s stock gained less than 1%. The company issued second-quarter guidance that came in ahead of analysts’ expectations, according to FactSet. PPG anticipates adjusted earnings will be $2.05 to $2.15 per share, compared to analysts’ estimates of $1.96 per share. PPG also issued rosy guidance for the full year.

Articles You May Like

The Three Catalysts Sending Stocks to the Moon
DoubleLine’s Gundlach says expect higher rates if Republicans also win the House
Investing Under Trump: How To Maximize Your Market Gains
Solar stocks tumble overnight as Trump leads in election results
Behind the “Trump Bump”: How Much Could Stocks Rise in 2025?